119
119
Dec 8, 2012
12/12
by
CSPAN
tv
eye 119
favorite 0
quote 0
the environmental community can see a reduction in the amount of carbon and an improvement in the environment as well as conservatives can see the idea of leaving it more resources at home and sending less of our wealth abroad. this is a way of doing something different, which is creating a consensus to get something done in the next congress. we are excited for the next congress and to work with all legislators to implement these recommendations and see them through to their felon. i would like to call fred smith, the chairman and founder of fedex. he really needs no introduction. but the truth is fedex and what it is done in our economy is groundbreaking. they are the clipper ships of the modern age. what they see in terms of the economic growth of our country, because they touch every industry, as well as providing the transportation to making our economy grow, i think he is well-suited to discuss this issue. i thank him for being the co- chair since 2006 and joining with general kelley and myself to do this. thank you. >> thank you. i became involved in the council out of self-interest. b
the environmental community can see a reduction in the amount of carbon and an improvement in the environment as well as conservatives can see the idea of leaving it more resources at home and sending less of our wealth abroad. this is a way of doing something different, which is creating a consensus to get something done in the next congress. we are excited for the next congress and to work with all legislators to implement these recommendations and see them through to their felon. i would...
133
133
Dec 7, 2012
12/12
by
CSPAN
tv
eye 133
favorite 0
quote 1
i will say, however, that the value of doing it now in a low interest rate environment is substantially larger on these new loans for two reasons. the lower the interest rate, the faster the amortization of the principal and therefore this will be a more valuable change. second because these loans are so low interest rate, they will be on our books far larger. frankly, not many loans in the past have hit that limit. so even though it's $1 trillion portfolio, the value of that change is quite small for the old loans. it's really going to be quite valuable for these newer very low interest rate loans. >> i'll be briefly two more questions. i see that f.h.a. is now making loans to people who three years ago were foreclosed upon. and that's a very different standard than even exists at fannie and freddie. i don't understand. why are you doing that? >> this is another area where we are working on changes. here's the issue. we have a significant number of homeowners that were responsible homeowners, had good credit scores that lost their jobs in the biggest economic crisis this country has fa
i will say, however, that the value of doing it now in a low interest rate environment is substantially larger on these new loans for two reasons. the lower the interest rate, the faster the amortization of the principal and therefore this will be a more valuable change. second because these loans are so low interest rate, they will be on our books far larger. frankly, not many loans in the past have hit that limit. so even though it's $1 trillion portfolio, the value of that change is quite...
124
124
Dec 11, 2012
12/12
by
CSPAN
tv
eye 124
favorite 0
quote 0
[applause] in a prepared remarks she spent a good deal of time reviewing the macro-economic environment in the u.k. and one of the topics you touched on was the relationship between the u.k. economy and that of the you. with the eu presenting several challenges both in terms of aggregate demand but also in terms of some of the ongoing regulatory issues. because you challenge your questioners to do so, let me ask you a question. probing you for some detail. just over the last few hours, there was a joint report issued by the u.s. fdic, and your colleagues at the bank of england, talking about how to handle systemically important financial institutions. in this case the global ones and so many are in the united states and the u.k. and i for one was heartened by the idea that two important regulatory bodies will be discussing the right way for it. yet there is another set of regulatory bodies that has not been involved in the same way. if we look, for example at china or the eu, there are some questions that it raised and among them, whether the banks that are systemically important in oth
[applause] in a prepared remarks she spent a good deal of time reviewing the macro-economic environment in the u.k. and one of the topics you touched on was the relationship between the u.k. economy and that of the you. with the eu presenting several challenges both in terms of aggregate demand but also in terms of some of the ongoing regulatory issues. because you challenge your questioners to do so, let me ask you a question. probing you for some detail. just over the last few hours, there...
107
107
Dec 7, 2012
12/12
by
CSPAN
tv
eye 107
favorite 0
quote 0
are we in a low-interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates have dropped further than were built into the primary, actuarial view. there are two factors to that. home prices have performed better than were used in the actuarial. it would be significant lead better -- significantly better today just on that one variable. the second point is that the view is a point in time that assumes we do no further fha business. one of the things that is artificial about it is that, when interest rates go lower, it assumes piecer -- people pay off faster. that is accurate. what it does not take into account is half of those folks typically refinanced into a fha loan. by the nature of the actuarial, it takes a snapshot of time assuming you are closing down the fun
are we in a low-interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates have dropped further than were built into the primary, actuarial view. there are two factors to that. home prices have performed better than...
102
102
Dec 8, 2012
12/12
by
CSPAN
tv
eye 102
favorite 0
quote 0
they are concerned about how that creates an economic environment that puts them at risk. they immediately move -- if that is table stakes in such terms of taking care of the basis of issues -- in a move to things that have much more meaning to them that focus around jobs, wage growth, getting more disposable income into their household. you see on one level at the abstract level, debt, deficits, fiscal cliff, and then a transition into the to-do list, which is where they would like to see effort. finally, with all of this battering that people have taken during this last few years of difficult economy, we gave voters -- will go to this question in detail -- which gave them a choice, short-term, pragmatic solutions to fix the problem or long-term visionary policies that will put us on the right track interestingly enough, people are thinker -- people are thinking longer term. it is different for different groups, but generally speaking, people are looking for a longer horizon. quickly, the mood of the country, you see the red track, the wrong track. you see it is still 50%
they are concerned about how that creates an economic environment that puts them at risk. they immediately move -- if that is table stakes in such terms of taking care of the basis of issues -- in a move to things that have much more meaning to them that focus around jobs, wage growth, getting more disposable income into their household. you see on one level at the abstract level, debt, deficits, fiscal cliff, and then a transition into the to-do list, which is where they would like to see...
125
125
Dec 7, 2012
12/12
by
CSPAN
tv
eye 125
favorite 0
quote 0
are we in a low interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates have dropped further than were built into the primary, actuarial view. there are two factors to that. home prices have performed better than were used in the actuarial. it would be significantly better today just on that one variable. the second point is that the view is a point in time that assumes we do no further fha business. one of the things that is artificial about it is that, when interest rates go lower, it assumes people pay off faster. that's accurate. typically path of that refinanced into -- half refinanced into fha. assume your clothes and down the fund, there are revenues that will come in not built and. budget, weident's will include the lower interest rates you described. w
are we in a low interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates have dropped further than were built into the primary, actuarial view. there are two factors to that. home prices have performed better than...
144
144
Dec 8, 2012
12/12
by
CSPAN
tv
eye 144
favorite 0
quote 0
she is in this environment and has gone on to become a really big deal. we are happy to have you with us terry >> thank you. jean was some of the way for a meeting which may or may not be good news on the fiscal front. i am hoping this is a little less a vengeful than the last panel i moderated. last week i was at the kennedy school at harvard were they do the debrief every four years with a senior campaign officials and we discussed the campaign when the fire without -- and all the power went out. fortunate that rep schwartz is able to join us, representing a district in philadelphia
she is in this environment and has gone on to become a really big deal. we are happy to have you with us terry >> thank you. jean was some of the way for a meeting which may or may not be good news on the fiscal front. i am hoping this is a little less a vengeful than the last panel i moderated. last week i was at the kennedy school at harvard were they do the debrief every four years with a senior campaign officials and we discussed the campaign when the fire without -- and all the power...
80
80
Dec 10, 2012
12/12
by
CSPAN
tv
eye 80
favorite 0
quote 0
environments. there is so much to talk about. in an area we have been talking about on the skilled work force or how much there is a skill gap, i think this is a critical issue. i think that for us to have clear policies, we need to do a little better in clearly defining the challenge. first of all, i don't think there is any question that the main reason we are having higher unemployment right now is not structural. it is fundamentally cyclical, fundamentally the lack of demand that is still in our economy as we recover from the great recession. that said, that awareness, that recognition that ben bernanke and former cea sheriff lazar -- cea chair lazear should not undermine that we face temporary or futures skills gaps but there is three reasons we should be focused on this. number one, even the unemployment today that is fundamentally about cyclical demand can easily become the next structural skills problem of the future. we know that one of the challenges we face right now in our economy is not just lowering unemployment, bu
environments. there is so much to talk about. in an area we have been talking about on the skilled work force or how much there is a skill gap, i think this is a critical issue. i think that for us to have clear policies, we need to do a little better in clearly defining the challenge. first of all, i don't think there is any question that the main reason we are having higher unemployment right now is not structural. it is fundamentally cyclical, fundamentally the lack of demand that is still...
209
209
Dec 7, 2012
12/12
by
CSPAN
tv
eye 209
favorite 0
quote 0
concerning protection of the environment, other issues. on the renewable side, we're making a lot of progress in research and development. that is where a lot of the federal money that is going is involved. up 12%renoble's making of u.s. energy production today. -- renewal bills making up 12% of u.s. energy production today. -- reneweables making up 12% of u.s. energy production today. guest: your viewers are now saying if they're watching their screens, the contribution of renewals to electric power generation with quite a bit coming from wind, solar, and biomass. host: with wind having some of the largest gains in terms of its use? guest: right. the wind is utility scale activity. that growth there is being supported by things like the production tax credit, which expires at the end of this year. for solar, it is a combination of utilities collectivities. concentrated solar power, creation of steam, and roof panels. nick mentioned some of the time involved in this. there is two aspects. wind and solar are really dependent. intermittent.
concerning protection of the environment, other issues. on the renewable side, we're making a lot of progress in research and development. that is where a lot of the federal money that is going is involved. up 12%renoble's making of u.s. energy production today. -- renewal bills making up 12% of u.s. energy production today. -- reneweables making up 12% of u.s. energy production today. guest: your viewers are now saying if they're watching their screens, the contribution of renewals to electric...
143
143
Dec 11, 2012
12/12
by
CSPAN
tv
eye 143
favorite 0
quote 0
they encouraged more science and engineers, which is fifpblete but they weren't in a creative environment where they could do good work. democracy, as again the founders would have known this, you can't just be a science and engineer in a democracy to look way over the cliff to the mountains and beyond. so i'm very disturbed now to say that one great state university is talking about creating incentives for people to do science and engineering as undergraduates as against in effect creating disincentives for people to do humanities. you have to have people who can look beyond the current crisis. that also has been part of the american middle class, new ideas. >> i agree with that. i would like to see more of an emphasis on the science and math. i guess -- we are going to in terms of particularly in the k through eighth grade so these younger kids can look up to those role models and say is this something i want to not run from? >> one of the great stories, physics in the 1960's, young physicistsous learning how to do problem sets as graduate students, they started going back to answer the
they encouraged more science and engineers, which is fifpblete but they weren't in a creative environment where they could do good work. democracy, as again the founders would have known this, you can't just be a science and engineer in a democracy to look way over the cliff to the mountains and beyond. so i'm very disturbed now to say that one great state university is talking about creating incentives for people to do science and engineering as undergraduates as against in effect creating...
84
84
Dec 5, 2012
12/12
by
CSPAN
tv
eye 84
favorite 0
quote 0
technology to both students and staff, has worked to develop 21st century learning skills in a classroom environment that fosters creativity, innovation and critical thinking. most importantly, ryan works tirelessly to help his students achieve success in the classroom. ryan devlin, thank you for your commitment to the teaching profession and congratulations. and i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from texas seek recognition? >> permission to address the house for one minute, mr. speaker, and revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized. >> mr. speaker, members, as announced earlier by congressman ralph hall, we lost a member of the texas legislature, congressman jack brooks, who proudly served his southeast texas district for 42 years after he was first elected in 1952. mr. green: ultimatelying as dean in this house of representatives and dean of our texas delegation. i knew jack brooks from his -- my days in the state legislature and he was one of my mentors when i fir
technology to both students and staff, has worked to develop 21st century learning skills in a classroom environment that fosters creativity, innovation and critical thinking. most importantly, ryan works tirelessly to help his students achieve success in the classroom. ryan devlin, thank you for your commitment to the teaching profession and congratulations. and i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from texas seek...
115
115
Dec 5, 2012
12/12
by
CSPAN
tv
eye 115
favorite 0
quote 0
instead we must improve the resiliency of our communities, environment and essential services and vulnerable populations with smart planning and well-designed recovery and rebuilding tools. we have the ability to reduce the consequences of severe weather. by mitigating flood risk through smarter land use guidelines, building codes and flood protection improvements. the state of new york has requested $9 billion for mitigation measures from the administration. the state of new jersey is seeking another $7 billion for the same purpose. i commend governor quomeow and governor christie for -- cuomo and governor christie for including strategic needs in their funding request. both of these leaders have demonstrated inble compassion and concern for the people who they represent and have been highly effective in their leadership since the disaster began and it may also include mayor bloomberg, mayor booker and many other local officials that stepped up and did the job they were elected to do. i hope -- i look forward to hearing from our witnesses today. my colleagues who i have the deepest respect
instead we must improve the resiliency of our communities, environment and essential services and vulnerable populations with smart planning and well-designed recovery and rebuilding tools. we have the ability to reduce the consequences of severe weather. by mitigating flood risk through smarter land use guidelines, building codes and flood protection improvements. the state of new york has requested $9 billion for mitigation measures from the administration. the state of new jersey is seeking...
147
147
Dec 6, 2012
12/12
by
CSPAN
tv
eye 147
favorite 0
quote 0
even in a postal strike environment, if iran wanted to reconstitute its nuclear program, do we have a problem with nuclear smuggling? >> without outside assistance, iran would not have a large centrifuge program. the death developed a small one overtime, but it depended -- they have developed a small one overtime. they have been smuggling dual- use goods that are necessary to build centrifuges and centrifuge plants since the 1980's. the family will talk about this. -- they freely will talk about this. there are very dependent, and they're active now. there was another court case, and arrested some smugglers yesterday trying to buy things here. carbon fiber. but they were looking for a carbon fiber when the machine. these things are used in missiles, -- winding machine. these things are used in missiles. europe has tightened up. they have been working actively in china to buy european- american-chinese goods. the government is not completed, but they're not doing enough. we're thinking that pressure needs to be brought on china. goods made in germany, sold by that company to the chines
even in a postal strike environment, if iran wanted to reconstitute its nuclear program, do we have a problem with nuclear smuggling? >> without outside assistance, iran would not have a large centrifuge program. the death developed a small one overtime, but it depended -- they have developed a small one overtime. they have been smuggling dual- use goods that are necessary to build centrifuges and centrifuge plants since the 1980's. the family will talk about this. -- they freely will...